Registered Charity Number 1114714 The Shah Jalal Islamic Foundation Report and Accounts For The Year Ended 31 March 2024 The Shah Jalal Islamic Foundation Report and accounts Contents Page Trustee's report Independent examiner's report on the accounts Statement of Financial Activities Balance sheet Notes to the accounts The Shah Jalal Islamic Foundation Report and accounts Trustees Report for the year ended 31 March 2024 Reference and admlnlstration detalls Charity name Registered charity number Principal address The Shah Jalal islamic Foundation 1114714 25 Carshalton Road Sutton Surrey SMI 4LF Mana in trustees N Islam S A Ahmed M A Sayestha S Islam M Uddin S Akther S Miah A Sahid N Miah Z Ahmed MBEsak G K Chowdhury B Miah Chairman Vice Chairman General Secretary Joint Secretary Treasurer Assistant Treasurer Executive Committee member Executive Committee member Executive Committee member Executive Committee member Executive Committee member Executive Committee member Executive Committee member N Islam M A Sayestha M Uddin Chairman General Secretary Treasurer The custodian charity trustees hold the freehold property on behalf of the Charity. Structurei governance and management Type of governing document How the Charity 15 constituted Trustee selection methods Constitution adopted 5 October 2003 Association Elected by membership at the Annual General Meeting The Shah Jalal Islamic Foundation Report and accounts Trustees Report for the year ended 31 March 2024 Objectives and artlvltles mm fth rnin The Foundation's objects are to promote and establish Islam, particularly for the benefit of the Muslim community in the London Borough of Sutton and the areas of Banstead, Kingswood, Epsom and Ewell in Surrey. In carrying out their review of our objectives, the trustees have considered the Charity Commission's general guidance on public benefit and in particular, its supplementary public guidan￿ on the advantrment of religion for the public benefit. The tnjstees consider that the following activities would provide benefit to those who worship at our mosque and the wider Muslim and non-muslim communities. The Foundation carried out its objects by the following means:. (a) Jam'aath, namely, Islamic congregations for Da'wah attivities and Ta'alim, formal and informal prayers, discussions and other religious and social activities. (b) Ta'alim, namely teaching the Holy Qur'an and the Sunnah and the Islamic laws, its requirements and prohibitions and educating people in the Islamic ways of life, society, family, its doctrines and practices and the tolerance of and interaction with different faiths and beliets. (c) Da'wah activities, namely, the propagation of I￿aM and its meaning and the message in the UK and worldwide. (d) Providing and maintaining a mosque and madrasah (educational institution). (e) Establishing an Islamic library. (Q To help the poor and needy and establish the Islamic ways of Charity In the UK and throughout the world. Achlevements and performance The Foundation continued its Jam'aath and Ta'alim activities in the local Muslim communities. In particular, the main achievements of the Charity during the year continued to be congregational prayers. During the week, we had about two hundred people attending Friday prayers. The Shah Jalal Islamic Foundation Report and accounts Trustees Report for the year ended 31 March 2024 Flnancial Review and Going Concern The surplus of income over expenditure for the year fell to £95,495 (2023.. £104,371) due to a g￿ater rise in expenditure to £68,110 (2023: £43,491) over a rise in income to £163,605 (2023: £147,862) Net assets at year-end increased to £993,703 (2023: £898,208) due mainly to a rise in Cash at the bank and in hand to £480,843 (2023: £394,214). The Foundation does not have a policy on reserves. The campaign for donations to fund the refurbishment and extension of the mosque to accommodate the increasing number of worshippers attending the mosque, especially for the Friday prayers, continued throughout the year. Declaratlon The trustees declare that they have approved the trustees, Report above. Signed on behalf of the Charity's trustees Signature(s) Full name(s) Mohammed Ali Sayestha Nurul Islam Position General Secretary Chairman Date The Shah Jalal Islamic Foundation Report and accounts Independent Examiner's Report on the accounts for the year ended 31 March 2024 I report to the trustees on my examination of the accounts of the above Charity ("the Trust") for the year ended 31 March 2024, set out on pages 7 to 14. Responslblllties and Basis of the Report As the Charity's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 ( the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act, and in carrying out my examination, I have followed all the applicable Directions given by the Charities Commission under section 145(5)(b) of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attentlon in connection with the examination, which gives me cause to belleve that in any material respect: The accounting records were not kept in accordance with section 130 of the Charities Act; or The accounts did not accord wlth the accounting records; or The accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this Report to enable a proper understanding of the accounts to be reached. Signed: Date: S A Rahman '*U)Ll Member of Institute of Chartered Accountants in England and Wales and Chartered Institute of Taxation 23 Holland Avenue Cheam, Sutton Surrey SM2 6HW The Shah Jalal Islamic Foundation Report and accounts Statement of Financial Activities for the year ended 31 March 2024 Incomlng resources Unrestricted funds Trtal thls year Total last year Donations and legacies 163,605 163,605 147,862 Total 147 862 Charitable activities 68,110 68,110 43,491 Total Net Income 95,495 95,495 104,371 Net movement In funds 95.495 95.495 104,371 Total funds brought forward 898,208 898,208 793,837 Totsl funds carrled forward 993 703 993 703 The Shah Jalal Islamic Foundation Report and accounts Balance Sheet as at 31 March 2024 Unrestrlcted funds Totsl thls Total last year Tangible assets 505.646 505.646 505,646 Total flxed assets Debtors io 7.565 7.565 Cash at the bank and in hand 12 480,843 480,843 394,214 Total Current assets Creditors: amounts falling due within one year li 351 351 2,320 Net current assets 39 562 Net assets Unrestricted funds 993.703 993,703 898,208 Totsl lunds 208 Signed by one or two trustees on behalf of all the trustees Signature Name Date of approval Mohammed Aji Sayestha Nurul Islam The Shah Jalal Islamic Foundation Report and accounts Notes to the accounts for the year ended 31 March 2024 l Basis of aration 1.1 Basis of accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise ststed in the relevant note(s) to these accounts. The accounts have been prepared in accordan￿ with the Statement of Recommended Practi￿. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. 1.2 Going concern There a￿ no material uncertainties related to events or conditions that cast significant doubt on the Charity's ability to continue as a going con￿rn. 1.3 Change of accounting policy The accounts present a true and fair view, and the accounting policies adopted are those outlined in note 2. 1.4 Chan9es to accounting estlmates No changes to accounting estimates have occurred in the reporting period. 1.5 Material prior year adjustments No material prior-year error has been identified in the reporting period. 2 Accountin Income Rec nition f incom These are included in the Statement of Financial Activities (SOFA) when: the Charity becomes entided to the resources it is more likely than not that the trustee5 will receive the resources and the monetary value can be measured with suffficient reliability. Grants and dona ion Grants and donations are only included in the SOFA when the general income recognition criteria are met. Tax reclaims on donations and Gift Aid received is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered part of that gift and is treated as an addib'on to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. The Shah Jalal Islamic Foundation Report and accounts Notes to the accounts for the year ended 31 March 2024 in Expenditure and liatslltles abili reco nition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the Charity to pay out resources, and the amount of the obligation can be measured with reasonable certainty. overnan e costs Governan￿ costs comprise all costs involving public accountsbility of the Charity and its compliance with regulation and good practice. The Charity has creditors, measured at settlement amounts less any trade discounts. Tan I fixed assets for use b the Chari These are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost. The depreciation rates and methods used are disclosed in Note 9.2. Debtors (includlng trade debtors and loans re￿1Vable) are mea5LJred on initial recognition at settlement amount after any trade discounts or amount advanced by the Charity. Subsequently, they are measured at the cash or other consideration expected to be received. Thls ear Unrestrlcted funds Last year Total funds Total Donations and gifts 163,605 163,605 131,758 Gift Aid 16,104 l)onation$ and legacles 163 605 163 605 147 862 Total Income 163 605 163 605 147 All income in the last year was unrestricted. io The Shah Jalal Islamic Foundation Report and accounts Notes to the accounts for the year ended 31 March 2024 4An This ear Unrestricted funds Last Total Unrestrirted funds Funds ear Total funds Accountancy 568 568 1,580 1,580 Bank charges 275 275 365 365 Cleaning 963 963 934 934 Depreciation 1,300 1,300 Insurance 1,058 1,058 1,156 1,156 Internet 485 Legal and professional 10,507 10,507 2,461 2,461 Light and heat 7,295 7,295 5,551 5,551 Payment card processing fees 15,339 15,339 Rates 674 674 635 635 Wages 30,706 30,706 29,223 29,223 Water rates 240 240 286 286 Total expendlture on charitable activities 68,110 68,110 43,491 43,491 Total expendSture li The Shah Jalal Islamic Foundation Report and accounts Notes to the accounts for the year ended 31 March 2024 IFee r the examination fthe This year Last year Independent examiner's fees 500 500 Other fees paid to the independent examiner 1,080 Thls year Last year Salaries and wages 30,175 28,735 Pension costs (defined contribution scheme) 531 488 Total staff costs No employees received employee benefits (exduding employer pension costs) for the reportlng period of more than £60,000. 2Av Thls year Last year Charitsble activities Thls year Last year Amount of contributions recognised in the SOFA as an expense 531 488 12 The Shah Jalal Islamic Foundation Report and accounts Notes to the accounts for the year ended 31 March 2024 8.1 Trustee remuneration and benefits This year and last, none of the trustees has b￿n paid any remuneration or received any other benefits from employment with their Charity or a related entity. No trustee expenses have b￿n incurred. 8.3 Transactions with related rties There have been no rdated party transacbons in this reporting period and last. . I Cost or valuation Freehold land and buildings Plan¢ machinery and motor vehicles Total Balan￿ brought forward 505,646 11,792 517,438 Balance carried forward 517 438 9.2 De reciation or im irments Straight-line basis 20% rate Balance brought forward 11,792 11,792 Balance carried forward Brought forward Carried forward 13 The Shah Jalal Islamic Foundation Report and accounts Notes to the accounts for the year ended 31 March 2024 10 Debt rs and re ments Amounts fallin due within one This year ear Last year Trade debtors 6,882 Prepayments 683 668 668 An Amounts fallin due within one This year ear Last year Trade creditors 104 745 Taxation and Social Security 247 1,575 351 2,320 Thls year Last year Cash at the bank and on hand 480,843 394,214 Total 480,843 394,214 14